ZipRecruiter® (NYSE: ZIP), a leading online employment marketplace, today announced financial results for the quarter and full year ended December 31, 2024. ZipRecruiter’s complete fourth quarter and full year 2024 results, financial guidance, and management commentary can be found by accessing ZipRecruiter’s shareholder letter on the quarterly results page of the Investor Relations website at investors.ziprecruiter.com.
- Quarterly revenue of $111.0 million
- Full-year revenue of $474.0 million
- Full-year net loss of ($12.9) million, or net loss margin of (3)%
- Full-year Adjusted EBITDA of $78.0 million, or Adjusted EBITDA margin of 16%
“In 2024, ZipRecruiter delivered multiple improvements to our marketplace. This included new product launches, advancements to our existing products, and leveraging M&A as a tool to expand our product suite. We made these gains against a difficult hiring environment. Our business remains resilient, as we managed down operating expenses while continuing to invest in product and technology,” said Ian Siegel, CEO of ZipRecruiter. “Despite the protracted labor market downturn, we enter 2025 with cautious optimism on improving revenue trends from both internal and external indicators. Our Q1 revenue guidance of $109 million at the midpoint is down 2% versus Q4’24. By contrast, Q1 revenue declined sequentially by 13% and 10% in 2023 and 2024, respectively. We remain nimble and believe our balance sheet provides a solid foundation to capture market share when hiring activity returns. Through all labor market cycles, our mission of actively connecting people to their next great opportunity remains the foundation of our strategy.”
The stock is currently trading under $7.
